CORRUPTION AND FRAUD COMPLIANCE
Ensuring compliance to Canada’s anti corruption CFPOA is an important risk management activity. The burden of proof lies with both the company and with the individual executive / manager to demonstrate that appropriate and pro-active methodology are in place to track all operations activities to the end user, regardless of where they are located.
Audits are the default method of investigation, and function reasonably well for a Head Office in Canada, however are largely ineffective for international divisions where custom designed methodologies adapted to local legal, fiscal and cultural norms are required, along with site specific monitoring and control procedures.
XPM’s corruption compliance methodologies are highly effective in controlling theft and fraud, sharply reduce the ability of local cartels to influence the project, ensure compliance to all local regulations, and vastly reduce the level of effort in international management, tracking, and control.
Corruption and fraud usually occur somewhat differently at different levels in an organization: high level executive that usually occurs one on one, most frequently with government and other large industry players, and mid level management and lower level operations that are usually associated with fraud, and occur via internal cartels and systematic collusion. Our custom designed methods are applied to each of the three levels, and tightly integrated with corporate accounting and reporting to ensure fast and secure results.
We start by first neutralizing any opportunities for corruption and fraud to occur, and then implement robust and comprehensive tracking, reporting and monitoring procedures that sharply reduce cartels ability to operate.
We then introduce a combination of fiscal audits, project control best practices, and a culturally appropriate intelligence network to drive transparency in reporting, and finally by implementing the necessary organizational change to permanently eliminate collusion.
XPM’s methods were developed and proven in some of the most corrupt and challenging countries on the planet, with particular attention given to finding appropriate solutions for remote and / or underdeveloped areas with limited technology or communications, usually with systemic corruption, powerful local cartels, and often semi-literate workers.